
Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Friday as another weak day on Wall Street following corporate earnings and a decline in consumer sentiment buoyed the precious metals' investment appeal. The most active gold contract for February delivery rose 11.7 dollars, or 0.94 percent, to settle at 1,251.9 dollars per ounce. Gold prices finished the week 0.4 percent higher, the highest level since Dec. 11 Construction of new homes fell in the U.S. in December but had the strongest performance by the whole of last year since 2007. December industrial production grew in line with the consensus forecast but consumer sentiment declined in January. According to market analysts, investors mulled over the latest U.S. economic data to gauge gold's investment appeal. A miss on the building permits and the consumer sentiment data have provided a lifeline for gold. Investment bank forecasts in recent days have generally been downbeat on the outlook for gold prices this year but there are some analysts betting on a rally instead. Silver for March delivery rose 25 cents, or 1.25 percent, to close at 20.304 dollars per ounce.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor